> - The 1970s saw the beginning of the trend toward "neoliberal" style economics with lower taxes on the rich and less investment in social and infrastructure p

> - The 1970s saw the beginning of the trend toward "neoliberal" style economics with lower taxes on the rich and less investment in social and infrastructure programs. Federal, state and local expenditures and tax receipts as a percentage of GDP has increased since 1970s [0] Public infrastructure spending is roughly flat as percentage of GDP [1] [0] https://en.wikipedia.org/wiki/Government_spending_in_the_United_States#/media/File:Government_Revenue_and_spending_GDP.png https://en.wikipedia.org/wiki/Government_spending_in_the_Uni... [1] https://www.hamiltonproject.org/charts/public_infrastructure_spending_1956_to_2014 https://www.hamiltonproject.org/charts/public_infrastructure...